I know it is July and Christmas is still 5 months away, but I wanted to give you a little to think about because the holidays will be here before we know it.
Make a list of people you know you will have to buy gifts for and keep your eyes open for things they would like that are on sale now. I wouldn't recommend doing this for children as their wants change weekly as Christmas approaches. Gifts for adults, teachers and so forth are who you can and should be thinking about now.
A second thing, because the holidays can be expensive, consider this tip. Each time you go to the grocery store, buy yourself a $10 gift card to use during the holidays. You might not notice an extra $10 each week now, but it will add up and will cover the cost of your holiday meals. If you shop at a super store like I do, that extra gift card money can be used for gifts and toys for the kids as well.
One thing that is really important to note here though. Some gift cards need to be used within the first 30 days. If you don't use them in 30 days then there is a percentage of them deducted. I despise those cards and will never buy them. Ask though at the customer service. There are plenty of places where you can get a gift card now and it never ever loses its value.
The third thing to work on is to get the craft projects started. Are you making gifts, decorations, cards etc? Get busy with them now. While the weather is HOT, too hot to be outside, spend those afternoon hours crafting and creating to prepare for the holidays. Host a crafting Christmas in July party for your family and friends where you all work on your projects. All the fabric stores have holiday fabric on the shelves and many are having Christmas in July sales. Craft stores also have holiday items in stock. So get busy!
Finally, take some time now to develop a budget, or spending plan, for the holidays and stick to it. Think creatively for ways to save money. By planning now, you are ahead of the game. If you start watching the sales now or making your own gifts and decorations, you may even come in under budget. What a good thing that would be!